SETU
InactiveSETU was declared bankrupt on 17-05-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 22-10-2024, published in the Belgian State Gazette on 30-10-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline23-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-10-2020, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, micro schema
Equity
€27k▲ 23.5%
2018 · €22k
2018: €22k
2018 → 2019
Total assets
€230k▲ 103%
2018 · €113k
2018: €113k
2018 → 2019
Net result
€5k
2018 · €-5k
2018: €-5k
2018 → 2019
Working capital
€19k▲ 52.9%
2018 · €12k
2018: €12k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€22k-€27k▲ 23.5%
Operating result€-7k-€6k
Net result€-5k-€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €6k after a loss of €7k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €230k
Fixed assets
€34k▲ 252%
Current assets
€196k▲ 89.5%
Equity and liabilities €230k
Equity
€27k▲ 23.5%
Debt
€202k▲ 123%
The debt ratio rises from 80.4% to 88.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2018 · €2k
Cash flow
€21k▲
2018 · €4k
Solvency
11.9%▼
2018 · 19.6%
Current ratio
1.11▼
2018 · 1.14
Quick ratio
1.11▼
2018 · 1.14
Debt / equity
0.94
ROE
19.0%▲
2018 · -24.3%
ROA
2.3%▲
2018 · -4.8%
Debt
€202k▲
2018 · €91k
Debt ≤ 1 year
€177k▲
2018 · €91k
Debt > 1 year
€26k
Income taxes
€4k▲
2018 · €282
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€113k€230k▲
Fixed assets21/28€10k€34k▲
Tangible fixed assets22/27€10k€34k▲
Current assets29/58€103k€196k▲
Amounts receivable within one year40/41€72k€156k▲
Cash at bank and in hand54/58€31k€39k▲
Equity and liabilities
Total equity and liabilities10/49€113k€230k▲
Equity10/15€22k€27k▲
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Profit (loss) carried forward14€10k€16k▲
Amounts payable17/49€91k€202k▲
Amounts payable after more than one year17-€26k
Amounts payable within one year42/48€91k€177k▲
Trade debts44€72k€163k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€16k▲
Gross operating margin9900€136k€67k▼
Operating profit (loss)9901€-7k€6k▲
Recurring financial income75€1k€6k▲
Recurring financial charges65€-43€4k▲
Profit (loss) for the period before taxes9903€-5k€9k▲
Income taxes67/77€282€4k▲
Profit (loss) for the period9904€-5k€5k▲
Profit (loss) for the period to be appropriated9905€-5k€5k▲
Timeline · acts, filings and financial milestones
2024
30-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · SETU BV STEENWEG OP GENT 283, 1080 SINT-JANS-MOLENBEEK · event 22-10-2024
2022
30-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SETU BV STEENWEG OP GENT 283, 1080 SINT-JANS-MOLENBEEK · event 17-05-2022
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEFFI VANHULLE PRIESTER DE L’EPEESTRAAT 4,
1200 BRUSSEL 20 |
17-05-2022 → present |